Blockchain News
New Survey Shows 3% Of Americans Are Ready To Use Blockchain Banking Solutions

A new survey conducted by FOTON is in the latest crypto news. The ICO-funded blockchain banking product (which will not materialize until March this year) showed that 3% of American Internet users across age groups are ready to use a blockchain banking product or app today.
The survey was presented to more than 5,000 American Internet users earlier this month, and the results showed that even 34% of them would be willing to use blockchain banking solutions if they felt they were currently ready – which they do not.
However, 63% of the people were explicitly opposed to the idea of using blockchain banking at the time of the survey. This number is more than twice the amount who would consider better products and 20x the number of people who were ready to get started.
The main incentive of the survey also took banks into advantage. As the survey showed:
The willingness of large banks to implement and lead various pilots. These would not only validate the technology but also the return on investment and additional value created.
While both Ripple and R3 have partnered with large banking institutions, banks like BBVA have pioneered the intersection between their industry and the blockchain. More than 3,000 of 5,000 surveyed individuals don’t see any real benefits in decentralized ledger technologies.
Meanwhile, blockchain has been a major buzzword over the past years, but the bear market this year has led to a reduced interest in the industry overall.
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Blockchain News
IoT Survey: 75% Of The Industry Considers Adding Blockchain

“Some blockchain implementations struggle to scale to the transaction rates that can be generated by large numbers of connected things.’’As previously reported, According to Joseph Lubin, blockchain technology is much more complicated than the internet and therefore will probably ‘’take a little longer’’ to develop. While talking to German Cointelegraph, Lubin explained how the blockchain technology works and is developing in a very similar way to the web since there are hundreds of projects that can be practically used for humans today.Lubin continued by explaining how the distributed ledger technology will also be able to ‘’permeate society more than the Internet’’. The DLT will be able to bring us the decentralized internet but we will, of course, have to wait a little longer for the blockchain to develop on such a mass scale.
Blockchain News
Quadriga Lawyers Demand Exhumation Of Founder’s Body

Blockchain News
Azure Heroes: Microsoft Revives Its Non-Fungible Tokens Program

“Azure is locked in a battle to differentiate itself with AWS, Oracle, and Heroku among others. If nothing else, this creates visibility and further engages Azure's existing communities," the director at the CryptoAssets Institute Ethan Pierse recently said.
Blockchain News
TikTok Owner Launches Blockchain Venture With Chinese Media Group

"A unit of ByteDance has 49% of the new firm, which has registered capital of 10 million yuan ($1.4 million); Shanghai Dongfang Newspaper Co. owns the rest, according to a statement on the National Enterprise Credit Information Publicity System, an official business registration website," the publication wrote.As they show, the joint venture was launched in the capital of eastern China - specifically the Shandong province Jinan - on December 10. There was a registered capital of 10 million yuan ($1.43 million) where ByteDance owns 49% and the rest of the venture is owned by the Chinese media group.Meanwhile, TikTok is a giant and a social network with more than 500 million monthly active users. As such, it is the second most downloaded app in the Apple App Store in the United States. The short video feed is completely managed by a purpose-built AI which predicts and delivers content that the user will likely prefer.Even though it is still not clear how the TikTok owner ByteDance could benefit from the blockchain technology, a possible use case shows that the collaboration might extend to digital media data verification. For instance, the US law enforcement Axon Enterprise aims to test blockchain for its body cameras and fight deepfake AI-generated videos.Meanwhile, recent reports in the blockchain news today show that the technology is rapidly maturing and seeing wide adoption in China. As we reported before, earlier this month the Bank of China issued 20 billion yuan ($2.8 billion) in blockchain financial bonds as reports showed. China is also expected to conduct the first real world test of its central bank digital currency in the near future.All in all, TikTok is a major player and since it taps into a technology like blockchain, we can expect many new developments and potential use cases for the tech that is backing cryptocurrencies like Bitcoin in the future.
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